All articles by Ed Devlin – Page 55
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NewsBoots recovery boosted by heatwave as footfall picks up
An ongoing turnaround at Boots has been boosted by an uptick in footfall at its city centre stores and travel outlets at airports and train stations as consumers prepared for summer holidays
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NewsMedia Bites 13 October: M&S, Poundland, Walmart
Marks & Spencer’s store closure plans are accelerating as it battles a “significant” rise in costs against a tougher economic backdrop.
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NewsCity snapshot: Poundland attracts new customers as cost-of-living crisis grows
Poundland has benefitted from cost-conscious consumers managing tight household budgets to grow sales over the past year.
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NewsMedia Bites 11 October: Getir/Gorrilas, Asda, Morrisons/McColl’s
Grocery delivery app pioneer Getir is in talks to take over its heavily lossmaking rival Gorillas, according to this morning’s papers.
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NewsCity snapshot: Cooks Coffee Company outlines fundraising plans ahead of London float
Cafe chain Cooks Coffee Company is planning to raise £1.5m in a funding round ahead of its London float. Plus, a trading update from packaging firm DS Smith.
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NewsOlly’s brings in more than £1m from the crowd to support supermarket listings
Founded by Olly Hiscocks in 2016, the business recently launched into Asda, Tesco and Holland & Barrett, adding to listings with Sainsbury’s, Morrisons, Waitrose, Co-op, Whole Foods and Boots.
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NewsRamsden International sinks to first loss in company’s history as Brexit hits sales
Ramsden International has fallen to its first-ever loss as new Brexit rules hit revenues at the wholesale exporter.
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NewsMedia Bites 7 October: Imperial Brands, Arla Foods, Diageo
Imperial Brands has launched a £1bn share buyback programme to reward shareholders.
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NewsTree of Life and Health Store suppliers £20m out of pocket following collapse
Hundreds of suppliers have been left almost £20m out of pocket by the collapse of Tree of Life and sister distributor The Health Store, with a number of start-ups struggling to survive the fallout
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NewsMedia Bites 6 October: Tesco, Unilever, Ocado
Coverage of the latest results from Tesco makes up the bulk of retail news in this morning’s papers.
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NewsHackney Gelato to increase marketing investment after hitting £600k crowd target
It has so far raised £667k from more than 312 backers on the Crowdcube platform, with the campaign valuing the challenger at £10m.
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NewsTesco as competitive with discounters as ever, claims CEO Ken Murphy
Tesco said its products from its Aldi Price Match now featured in 99% of all large baskets and over 80% of top-up shops
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NewsCity snapshot: Tesco profits squeezed as customers ‘watch every penny’
Profits at Tesco fell back in the first half as customers faced “a tough time” but rising food prices helped Britain’s biggest supermarket grow sales.
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NewsMedia Bites 4 October: Tory conference, John Lewis, Quality Street
Coverage in this morning’s papers is dominated by the latest news from the Conservative Party conference in Birmingham.
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NewsCity snapshot: Real Good Food embarks on “radical” reforms to save turnaround attempt
Real Good Food has unveiled a radical reform programme to deal with inflationary pressures and protect its attempted turnaround. Plus, PM abandon plans to scrap top rate of tax.
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NewsMcBride shares rally as it strikes agreement with lender amid early signs of recovery
CFO Mark Strickland said the amended financing agreement was “an excellent outcome” following a “very difficult” trading period that provided the group with funding certainty as its propsects recover.
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NewsQuorn profits shrink as rivals eat in market leader’s share of meat-free category
Profits at Quorn have retreated as soaring costs put pressure on margins and an increasingly crowded meat-free category saw sales dwindle at the market leader.
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NewsMedia Bites 29 September: Morrisons, Mars, Shepherd Neame
A profits slump at Morrisons makes headlines this morning as the cost of living crisis subdues consumer confidence.
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NewsMorrisons profits slump on sales decline as shoppers feel the pinch
Profits slumped as subdued consumer sentiment led to a decline in sales and “unprecedented” inflationary pressures hit in-house manufacturing operations
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NewsMackie’s of Taypack rescues own-label popcorn maker from administration
Snacking firm Mackie’s at Taypack has rescued one of the UK’s largest independent own label popcorn manufacturers from administration in a pre-pack deal, saving the jobs of 60 staff.